604 Sinclair AveTavares, FL 32778

Property Details for 604 Sinclair Ave

Year built

1950

Construction

CONCRETE

Lot size

0.30 AC

Property size (Sq ft)

2,440 SF

Property type

Office properties

Property subtype

Office buildings

APN

29-19-26-0400-002-00E00

APU

291926040000200E00

Description

This exceptional 2,440 square foot property in Tavares, Florida, presents a unique mixed-use opportunity on a generous 0.3-acre corner lot. Its strategic location in the heart of "America's Seaplane City" offers unparalleled convenience and accessibility. Situated just three blocks from the Lake County Courthouse and government buildings, and four blocks from the Lake County Jail, this property benefits from high visibility and proximity to key civic centers. Furthermore, its half-mile distance from the Tavares Seaport provides easy access to waterfront amenities. Major thoroughfares, U.S. 441 and Duncan Drive, are also nearby, ensuring excellent connectivity. The existing building boasts a well-designed layout, perfect for a variety of uses. Three main offices provide ample workspace, complemented by an internal reception area, a central reception lobby, a spacious waiting room, and a dedicated conference room for meetings. Employee amenities include a private bathroom and a break room, while a separate bathroom caters to clients and visitors. A significant advantage is the inclusion of an attached apartment with its own private entrance. This apartment features high ceilings, a bedroom, a flex room (suitable as a second bedroom or office), a full bathroom, a laundry area, a fully equipped kitchen, and a comfortable living room, offering substantial living space and storage. The versatile zoning allows for a seamless blend of business and residential or multifamily use, making this property an attractive investment with significant upside potential. The asking price is $799,000.

• CAP approach

  CAP return

  Valuation

  6%

  $482,828

  6.5%

  $445,687

  7%

  $413,852

• Comparable approach

  Method

  Valuation

  Relative Method

  $361,868

  Geo Method

  $361,868

• Alternative Use

  Use

  Valuation

  Residential

  $552,652

  Hospitality

  $506,226

  Educational

  $421,174

  Medical

  $435,659

  Retail

  $655,160

Location Insight

City

Tavares

County

Lake

State

Florida

Latitude

28.8073

Longitude

-81.7308

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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